Tag: uranium

Skyharbour Resources Ltd logo Vancouver, BC, Oct. 08, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (“Skyharbour” or the “Company”), partner company Medaro Mining (“Medaro”) is pleased to announce its exploration plans for a winter program at its Yurchison Uranium property located in Saskatchewan. The program is anticipated to commence within the next 45 days.

Location Map of Yurchison Project:
https://www.skyharbourltd.com/_resources/maps/Sky_Yurchison_20211209.jpg

Geological prospecting, mapping, and sampling of the various rock types located on the property will be aided by ground radiometric surveying using handheld gamma-ray spectrometers and scintillometers. The primary goals of the field program will be to determine the hose-rock and/or structural control of previous identified radioactive mineral occurrences, explain the surficial expression (if any) of the VTEM conductors, and ultimately locate additional zones of uranium mineralization and/or radioactivity along prospective zones.
The Yurchison property lies approximately 95 km south […]

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VANCOUVER, British Columbia, Oct. 09, 2024 (GLOBE NEWSWIRE) — SAGA Metals Corp. (“ TSXV: SAGA ”) (“ FSE: 20H” ) (“ SAGA ” or the “ Company ”), a North American exploration company focused on discovering critical minerals, is pleased to announce the completion of its maiden field program at the Double Mer Uranium Project in Labrador, Canada. This successful field season marks a significant step forward in SAGA’s efforts to unlock the Double Mer Uranium project’s potential for uranium mineralization.

Strategic Location with Historical Exploration Work

The Double Mer Uranium Property is SAGA’s flagship project, comprising 1,024 claims over 25,600 hectares in the eastern-central region of Labrador, approximately 90 km northeast of Happy Valley-Goose Bay. With significant investment in historical exploration work, SAGA entered 2024’s field program with a strong foundation, allowing for a targeted and efficient approach to expanding known uranium mineralization along the 18km trend.

Regional […]

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HALIFAX, NS, Oct. 8, 2024 /CNW/ – Fortune Bay Corp. (TSXV: FOR) (FSE: 5QN) (OTCQX: FTBYF) ("Fortune Bay" or the "Company") is pleased to report high-grade uranium assays in the first batch of analytical results from its 2024 exploration drilling program on the Murmac Uranium Project ("Murmac" or the "Project"), located in northern Saskatchewan near Uranium City. The drilling program was funded by Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: 13L0) ("Aero") under an Option Agreement .

The drilling program was designed to test regional targets across the Project’s extensive Armbruster, Howland and Pitchvein Conductor Corridors, which have a combined strike length of approximately 30 kilometers.

Shallow, elevated concentrations of uranium occurring in structured graphitic rocks were confirmed in all four drill holes for which analytical results are available, including results of 13.80% U 3 O 8 and 4.54% U 3 O 8 from individual assay samples.

Highlights: High-Grade: […]

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Lotus Resources Kayelekera Uranium Project Malawi Uranium

WRITTEN BY Aaliyah Rogan

Lotus Resources (ASX:LOT) is moving into detailed engineering and onsite works to restart operations at the Kayelekera Uranium Project in Malawi, with an aim to achieve first uranium production during Q3 2025.

This news comes after the $476.72 million market capitalised company completed a front-end engineering and design (FEED) program, which has positioned Lotus to undertake a low-capital intensity, accelerated restart program for Kayelekera.The accelerated restart program will allow Lotus to determine long-lead items and a critical path to production schedule. It also allows Lotus to confirm or update capital cost estimates for aspects of the plant refurbishment and new equipment installations, and update the operating costs from the 2022 Definitive Feasibility Study (DFS).Based on the FEED program’s results, the company formulated the accelerated restart plan which reduces the initial restart plan by focusing on capital items […]

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U3O8

By: Darren Parker

Creamer Media Senior Contributing Editor Online

Font size: – + ASX- and OTCQX-listed Lotus Resources has announced an accelerated restart plan for its Kayelekera project, in Malawi, following the completion of front-end engineering and design (FEED).Lotus said it was now moving into detailed engineering and on-site works for Kayelekera’s low capital intensity but accelerated restart to ensure the company achieves its strategic objective of becoming a globally significant uranium producer by the third quarter of next year.In a statement issued by the company on October 8, Lotus said the time to first uranium production had been reduced from about 15 months to between eight and ten months by phasing in the completion of nonessential site infrastructure, such as grid power and an acid plant rebuild, beyond first production.The accelerated restart plan reduces initial restart capital through a phased approach by focusing on capital items essential to the […]

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enCore Energy Corp. (NASDAQ: EU) (TSXV: EU), a uranium producer, hosted a grand opening celebration for its Alta Mesa In-Situ Recovery (ISR) Uranium Central Processing Plant (CPP) and Wellfield in South Texas on October 3rd, 2024. The private event, attended by 300 guests, featured a special conversation between George W. Bush, the 43rd President of the United States , and William M. Sheriff, Executive Chairman of enCore Energy.

The grand opening, co-hosted with joint venture partner Boss Energy (ASX: BOE|OTCQX: BQSSF), marked the restart of the Alta Mesa CPP, establishing enCore as the only uranium producer in the United States with multiple production facilities in operation . The event also honored Dr. Dennis Stover, Director of enCore Energy and one of the original developers of ISR technology, for his 50+ years of commitment to the international uranium industry.

Positive Restart of Alta Mesa Central Processing Plant

Established as the only U.S. […]

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Thunderbird Resources has revealed recordings of elevated radioactivity levels up to 597 counts per second using a downhole gamma probe in a maiden drilling campaign at its 100 per cent-owned Hidden Bay uranium project in Canada’s Athabasca Basin. The recordings came in the fifth and final drillhole of the program that bore through 1781m in the renowned region. Graphitic sheared metapelite with elevated radioactivity at 440m downhole at Thunderbird Resources’ Hidden Bay uranium project in Canada’s Athabascan Basin.Credit:File Thunderbird Resources has revealed recordings of elevated radioactivity levels up to 597 counts per second (cps) using a downhole gamma probe in a maiden drilling campaign at its 100 per cent-owned Hidden Bay uranium project in Canada’s Athabasca Basin.

The recordings came in the fifth and final drillhole of the program that bore through 1781m in the renowned region. The company says the recorded radioactivity is associated with a graphitic-pyritic shear structure, […]

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Share Source: Shutterstock Multiple insiders secured a larger position in Orpheus Uranium Limited ( ASX:ORP ) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company’s prospects.

While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.

View our latest analysis for Orpheus Uranium Orpheus Uranium Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by insider Paul Pheby for AU$980k worth of shares, at about AU$0.05 per share. That means that even when the share price was higher than AU$0.045 (the recent price), an insider wanted to purchase shares. It’s very possible they regret the purchase, but it’s more likely they are bullish about the company. To us, it’s very important to consider […]

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Uranium Quarterly Although uranium spent much of the third quarter on a downward trend, Aurora Energy Metals (ASX:1AE) non-executive Chairman Peter Lester says the outlook for the market has strengthened considerably.

The uranium price slipped to its lowest point for 2024 of US$78 ($113) a pound in late August, down from over US$85 a pound at the end of June.

However, Kazakhstan-headquartered Kazatomprom, the world’s largest uranium producer, in August cut its 2025 production forecast by around 17%, which is expected to have longer term ramifications.

Lester says this is due to supply chain disruptions and a shortage of sulfuric acid, which is essential for uranium extraction. “This reduction is likely to intensify the anticipated supply deficit, driving uranium prices higher,” he tells Mining.com.au . “Moreover, global demand for nuclear energy is on the rise, particularly in the USA, which has committed to tripling its nuclear power capacity by 2050. “This […]

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Despite a history that includes notable disasters, nuclear power plants hold promise for cleaner, sustainable energy production. The Department of Energy reported on Sept. 30 that the operator of the Palisades nuclear plant in Michigan will receive a $1.5 billion loan to help restart the plant’s reactor, marking the first revival of a shuttered nuclear plant in U.S. history. Privately held Holtec International hopes to get the nod from the U.S. Nuclear Regulatory Commission to restart the plant in late 2025, paving the way for other nuclear projects.

At least one is not far behind. On Sept. 20, utility Constellation Energy Corp. (ticker: CEG ) said it would restart a unit at the Three Mile Island nuclear power plant in Pennsylvania, with Microsoft Corp. ( MSFT ) agreeing to purchase energy from the revived plant to power its data centers.

The announcement hits at three key factors to understand when investing […]

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Skyharbour Resources Ltd logo Vancouver, BC, Oct. 03, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (“Skyharbour” or the “Company”), is pleased to announce that it has entered into an option agreement (“Agreement”) with a private arm’s-length company, UraEx Resources Inc. (the “Optionee” or “UraEx”), whereby the Optionee may acquire up to a 100% interest in the Company’s South Dufferin and Bolt Uranium Projects (collectively, the “Property”). The Property consists of a total of twelve (12) mineral claims totalling approximately 18,000 hectares located in the Athabasca Basin, Northern Saskatchewan. UraEx can earn an initial 51% in the Property through CAD $4,600,000 in combined project consideration and up to 100% through $9,800,000 in combined project consideration consisting of cash and share payments as well as exploration expenditures over a five-year period.

Terms of the Agreement:

Pursuant to the Agreement, UraEx may acquire […]

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GX Uranium ETF commodity Elliott Wave analysis

The GX URA ETF, also known as the Global X Uranium ETF, tracks the performance of companies in the uranium industry. This ETF offers investors a diversified portfolio that includes firms involved in uranium mining, exploration, and production worldwide. As nuclear power gains recognition as a cleaner energy alternative, the demand for uranium is expected to rise, making the GX URA ETF an attractive option for investors looking to benefit from the sector’s growth.

Price completed the bearish corrective cycle from May 2024 in August of the same year and the commodity has followed with rapid rallies to confirm it’s in another bullish phase. The commodity is now expected to extend above the May 2024 high to reach its highest price in over a decade. Long term analysis

From the long-term view, GX URA appears to be in a bullish corrective cycle. Between […]

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The S&P/ASX 200 closed 7.0 points higher, up 0.09%.

Overall a quiet session, just 7 points to the better for the benchmark S&P/ASX 200, as we wait patiently for fund managers to sort out their rotations in a post-China stimulus-post interest rate cutting cycle commencement world.

That’s a lot to consider.

There’s also still plenty to consider in this Evening’s Wrap, so be sure to click/scroll through for the usual reporting of the major sector and stock-specific moves, the broker responses to them, as well as all of the key upcoming economic data. Also, I have detailed technical analysis on the Nasdaq Composite and LME Copper in today’s ChartWatch .Let’s dive in! Today in Review Thu 03 Oct 24, 5:10pm (AEST) Name Value % Chg Major Indices ASX 200 8,205.2 +0.09% All Ords 8,474.3 +0.05% Small Ords 3,118.8 -0.33% All Tech 3,465.6 +0.32% Emerging Companies 2,296.9 -0.80% Currency AUD/USD 0.6872 […]

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Vancouver, BC, Oct. 03, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (“Skyharbour” or the “Company”), is pleased to announce that it has entered into an option agreement (“Agreement”) with a private arm’s-length company, UraEx Resources Inc. (the “Optionee” or “UraEx”), whereby the Optionee may acquire up to a 100% interest in the Company’s South Dufferin and Bolt Uranium Projects (collectively, the “Property”). The Property consists of a total of twelve (12) mineral claims totalling approximately 18,000 hectares located in the Athabasca Basin, Northern Saskatchewan. UraEx can earn an initial 51% in the Property through CAD $4,600,000 in combined project consideration and up to 100% through $9,800,000 in combined project consideration consisting of cash and share payments as well as exploration expenditures over a five-year period.

Terms of the Agreement:

Pursuant to the Agreement, UraEx may acquire an initial 51% interest […]

Click here to view original web page at www.juniorminingnetwork.com

GX Uranium ETF commodity Elliott Wave analysis

The GX URA ETF, also known as the Global X Uranium ETF, tracks the performance of companies in the uranium industry. This ETF offers investors a diversified portfolio that includes firms involved in uranium mining, exploration, and production worldwide. As nuclear power gains recognition as a cleaner energy alternative, the demand for uranium is expected to rise, making the GX URA ETF an attractive option for investors looking to benefit from the sector’s growth.

Price completed the bearish corrective cycle from May 2024 in August of the same year and the commodity has followed with rapid rallies to confirm it’s in another bullish phase. The commodity is now expected to extend above the May 2024 high to reach its highest price in over a decade. Long term analysis

From the long-term view, GX URA appears to be in a bullish corrective cycle. Between […]

Click here to view original web page at www.fxstreet.com

Anfield makes the TSX Venture top percentage gainer list on acquisition news today. The stock is currently trading at 0.0900, up 0.0200, gaining 28.5714% on volume of over 5.8 Million shares, also making it the volume leader on the TSXV as of this report.

Today IsoEnergy Ltd. (TSX: ISO) (OTCQX: ISENF) and Anfield Energy Inc. (TSXV: AEC) (OTCQB: ANLDF) (FRANKFURT: 0AD) announced that they have entered into a definitive agreement (the "Arrangement Agreement") pursuant to which IsoEnergy will acquire all of the issued and outstanding common shares of Anfield (the "Anfield Shares") by way of a court-approved plan of arrangement (the "Transaction"). Anfield owns 100% of the Shootaring Canyon Mill (the "Mill") located in southeastern Utah, United States, one of only three licensed, permitted, and constructed conventional uranium mills in the United States, as well as a portfolio of conventional uranium and vanadium projects in Utah, Colorado, New Mexico, and […]

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The S&P/ASX 200 closed 10.7 points lower, down 0.13%.

A small pullback today to add to yesterday’s modest decline. Call it a breather. Certainly, given events in the Middle East it could have been much worse today .

The fact it wasn’t can be put down to a resurgent Energy sector (on a rising crude oil price) and continued strength in Resources stocks (still basking in the warm afterglow of Chinese stimulus measures and further promises thereof!).

There were losers today, though, as previously strong sectors like Consumer Discretionary and Technology bore the burnt of what selling there was.Click/scroll through for the usual reporting of the major sector and stock-specific moves, the broker responses to them, as well as all of the key upcoming economic data in tonight’s Evening Wrap. Also, I have detailed technical analysis on Crude Oil, Gold, and Silver in today’s ChartWatch .Let’s dive in! Today in Review […]

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© Reuters. Investing.com — Bullish signals for uranium prices are emerging as a result of several market dynamics and geopolitical factors, according to analysts at BofA Securities.

The recent uncertainty surrounding the availability of Russian-origin enriched uranium, coupled with concerns about a potential retaliatory export ban by Russia in response to U.S. sanctions, has underscored the critical issue of supply security in the uranium market.

Despite a softer-than-expected market in 2024, with lower activity from U.S. fuel buyers due to geopolitical tensions and a temporary supply increase from Kazakhstan, these factors are expected to drive up uranium prices in the near term​.

BofA Securities maintains a bullish outlook on uranium, forecasting persistent market deficits until 2027.Although they adjusted their near-term price forecasts downward for 2024, marking the third quarter prices at $81.63 per pound and reducing their full-year forecast to $89.10 per pound (a 13% reduction), they foresee a strong recovery in […]

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VANCOUVER, BC / ACCESSWIRE / October 1, 2024 / North Shore Uranium Ltd. (TSXV:NSU) (" North Shore " or the " Company ") is pleased to announce that it has received a Crown Land Work Authorization permit from the Saskatchewan Ministry of Environment (the " Permit "). The Permit covers the Company’s 55,700 hectare Falcon property (" Falcon ") at the eastern margin of the Athabasca Basin in northern Saskatchewan.

Under the Permit, which expires on July 31, 2027, North Shore is authorized to conduct mineral exploration activities including prospecting and ground geophysics, trail and drill site clearing, line cutting, the drilling of up to 75 exploration drill holes and the storage of drill core. While performing the exploration activities, the Company is required to comply with existing regulations and the environmental conditions specified in the Permit including reclamation of exploration sites and monitoring wildlife in the area. North Shore […]

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Skyharbour Resources Ltd logo Vancouver, BC, Oct. 01, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (“Skyharbour” or the “Company”), is pleased to announce that its partner company, North Shore Uranium (“North Shore”), has received a Crown Land Work Authorization permit from the Saskatchewan Ministry of environment (the “ Permit ”). The Permit covers the Company’s 55,700-hectare Falcon property (“ Falcon ”) at the eastern margin of the Athabasca Basin in northern Saskatchewan. North Shore may acquire an initial 80% interest in Falcon by issuing common shares having an aggregate value of CAD $1,225,000, making aggregate cash payments of $525,000 to Skyharbour, and incurring an aggregate of $3,550,000 in exploration expenditures on the property over a three-year period.

Location Map of Falcon Project:

https://skyharbourltd.com/_resources/maps/Sky-SouthFalconOption.jpg?v=0.1

Under the Permit, which expires on July 31, 2027, North Shore is authorized to conduct mineral […]

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On September 23, Uranium Energy Corp (UEC) made a historic announcement to buy 100% of Rio Tinto’s Wyoming assets. These assets include the fully licensed Sweetwater Plant and several uranium mining projects with about 175 million pounds of uranium resources. This huge acquisition must have a huge price tag attached. So, what is it worth?

Unlock below. Unlocking the UEC and Rio Tinto Deal Value

The total cost of the deal is $175 million, which UEC will pay using its available funds. UEC disclosed in the press release that it is buying 100% of the shares in two Rio Tinto subsidiaries that hold its Wyoming uranium assets. As part of the deal, UEC will replace $25 million in surety bonds for future reclamation costs. The deal is expected to close in the fourth quarter of 2024 after fulfilling all the standard conditions.

Amir Adnani, President and CEO, stated:“ Expanding our […]

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Vancouver, BC, Oct. 01, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH )
(OTCQX: SYHBF ) (Frankfurt: SC1P ) (“Skyharbour” or the “Company”), is pleased to announce that its partner company, North Shore Uranium (“North Shore”), has received a Crown Land Work Authorization permit from the Saskatchewan Ministry of environment (the “ Permit ”). The Permit covers the Company’s 55,700-hectare Falcon property (“ Falcon ”) at the eastern margin of the Athabasca Basin in northern Saskatchewan. North Shore may acquire an initial 80% interest in Falcon by issuing common shares having an aggregate value of CAD $1,225,000, making aggregate cash payments of $525,000 to Skyharbour, and incurring an aggregate of $3,550,000 in exploration expenditures on the property over a three-year period.

Article content
Location Map of Falcon Project: https://skyharbourltd.com/_resources/maps/Sky-SouthFalconOption.jpg?v=0.1 Under the Permit, which expires on July 31, 2027, North Shore is authorized to conduct mineral […]

Click here to view original web page at financialpost.com

VANCOUVER, BC / ACCESSWIRE / October 1, 2024 / North Shore Uranium Ltd. (TSXV:NSU) (" North Shore " or the " Company ") is pleased to announce that it has received a Crown Land Work Authorization permit from the Saskatchewan Ministry of Environment (the " Permit "). The Permit covers the Company’s 55,700 hectare Falcon property (" Falcon ") at the eastern margin of the Athabasca Basin in northern Saskatchewan.

Under the Permit, which expires on July 31, 2027, North Shore is authorized to conduct mineral exploration activities including prospecting and ground geophysics, trail and drill site clearing, line cutting, the drilling of up to 75 exploration drill holes and the storage of drill core. While performing the exploration activities, the Company is required to comply with existing regulations and the environmental conditions specified in the Permit including reclamation of exploration sites and monitoring wildlife in the area. North Shore […]

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Uranium prices have cascaded 23% since hitting a high early in the year, and are now trading at around US$81/lb. However, Argonaut’s David Franklyn believes this is a "pretty good long-term price" – arguing that while demand growth will be substantial, supply will eventually kick in.

Despite that, some of the ASX’s uranium darlings have still had a pretty impressive 12 months, with Paladin Energy and Deep Yellow, for instance, up 16% and 27% respectively year to date. That said, other plays, like Boss Energy, have not had a good year – with its share price plummeting 22% in 2024.

So, where are fundies seeing value and which uranium stocks should investors be avoiding?

To find out, Money of Mine host Matt Michael was joined by Franklyn and Perennial’s Sam Berridge for their analysis of their uranium market, where they believe prices could be headed, as well as some key learnings following […]

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VANCOUVER, British Columbia, Sept. 30, 2024 (GLOBE NEWSWIRE) — Myriad Uranium Corp. (CSE: M ) (OTCQB: MYRUF ) (FSE: C3Q ) (“ Myriad ” or the “Company“), a uranium exploration and development company focused on the past-producing Copper Mountain Uranium Project in Wyoming, USA, today announced that Thomas Lamb, CEO, will present live at the Battery and Precious Metals Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on October 1 st 2024.

DATE : Tuesday October 1 st
TIME: 1:00 PM ET
LINK: https://bit.ly/3z584tW
Available for 1×1 meetings: October 1, 2, 3
This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.It is recommended that online investors pre-register and run the online system […]

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